Collagen Solutions PLC Director/PDMR Shareholding (3177B)

TIDMCOS

RNS Number : 3177B

Collagen Solutions PLC

19 September 2018

Collagen Solutions Plc

(the "Company" or the "Group")

Director/PDMR Dealing

The Company today announces that on 19 September 2018, Tom Hyland, Chief Operating Officer ("COO") of the Company, was granted options (the "Options") over 1,500,000 ordinary shares of 1 pence each in the share capital of the Company ("Shares") exercisable at a price of 3.70 pence per Share.

The Options will vest three years hence on 19(th) September 2021, such vesting being conditional on his continued employment. In addition, the ability to exercise any vested Options will be dependent on achieving a closing middle market price per Share of 10 pence at any time after the date of grant and on the Company delivering sustainable positive cash flows from operations for any consecutive period of six months. All Options will lapse after 10 years from the date of grant, being 19 September 2018.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
  1     Details of the person discharging managerial responsibilities / person closely associated 
  a)    Name                                                     Tom Hyland 
  2     Reason for the notification 
  a)    Position/status                                          Chief Operating Officer 
  b)    Initial notification / Amendment                         Initial Notification 
  3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
         or auction monitor 
  a)    Name                                                     Collagen Solutions Plc 
  b)    LEI                                                      213800IFY1CVGRGETL95 
  4     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
         each type of transaction; (iii) each date; and (iv) each place where transactions have been 
         conducted 
  a)    Description of the financial instrument, type of         Ordinary shares of 1p each 
        instrument 
                                                                  ISIN Code: GB00B94T6Y14 
        Identification code 
  b)    Nature of the transaction                                Grant of options over ordinary shares of 1p each 
                                                                 exercisable at 3.70p per share 
  c)    Price(s) and volume(s)                                     Price(s)       Volume(s) 
                                                                    3.70 pence     1,500,000 
  d)    Aggregated information 
         - Aggregated volume                                      N/A 
         - Price                                                  N/A 
  e)    Date of the transaction                                  19/09/2018 
  f)    Place of the transaction                                 Outside a trading venue 
 

Enquiries:

 
 Collagen Solutions Plc 
 Jamal Rushdy, CEO                                                       Via Walbrook 
 Hilary Spence, CFO 
 
 Cenkos Securities Plc (Nominated 
  Adviser and Broker) 
 Steve Cox (Corporate Finance)                                     Tel: [phone] 
 Stephen Keys 
 
 Walbrook PR Ltd                        Tel: [phone] or [e-mail] 
 Anna Dunphy                                                       Mob: [phone] 
 Helen Cresswell                                                   Mob: [phone] 
 
 

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September 19, 2018 12:01 ET (16:01 GMT)